What NAFMII's asset-backed MTNs mean for securitisation in China

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clpstaff &clp articles

China's National Association of Financial Market Institutional Investors (NAFMII) has released draft rules for a securitisation instrument for non-financial issuers

NAFMII's asset-backed medium term notes (ABN) are receiving a more positive response from the market than PBOC's asset-backed securitisation (ABS) instrument, announced in March.

While financial institutions are still waiting for their individual quotas in the 50 billion total in yuan ABS issuances, NAFMII's ABNs are moving forward.

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